Intel was strong ARMed to make that decision
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Intel to Cut 12,000 Jobs Amid Declining PC Market
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Someone who thinks of others? Wow... I applaud you. So many people in this world are pathetically selfish.
Well people tend to wait until the last minute to come up with something revolutionary, there is a saying, Necessity is the father of innovation. Even though 12,000 people losing their jobs is awful, it will not cause adverse effects on the economy, therefore, innovation/change stays at bay. Once the economy crashes, that's when we will start seeing more innovation/change.
The last big innovative period that came around was WWII, synthetic rubber was developed out of necessity for tires and running out of resources to create them. The atomic age came to fruition, we were able to harness nuclear power and since the war ended right after that, we never completely developed a stable harnessing solution.
Businesses won't pay for innovation if something isn't needed, even though everyone else might be able to see the light at the end of the tunnel, the business isn't willing to up their budget for an unknown number of years just to innovate something new.
It's human nature to use up every resource before looking for a new one that may provide better results, changing that is improbable, but it could be done if you had enough funding for a campaign and were willing to keep campaigning for 60 years for the last remaining person with that mindset to kick the bucket.
The Rank and File are the only ones I care about, they are after all the 99+% of the people working there.
Thank you? I get your meaning but it's incredibly sad that this is the case today. The 80's really did a number on the sense of society here in the states....
If you mean 1880's then yes.
If you mean 1980's, then you should read what was happening in the labor market during the period 1880-1950.
I expect Apple to move to ARM-based Macs, but with the updates yesterday to Skylake MacBooks, it looks as though a move to ARM won't happen this year.
I meant the extreme fetishization of extreme wealth that was heralded as something to aspire to that made up the cultural norms of the 80's (lifestyles of the rich and famous, or it's modern equivalent "Cribs", would be seen as obscene if there was any rationality left in this regard).
Workers were so busy buying into the idea that they too could become obscenely wealthy they looked the other way as the rug was being systemically pulled out from under them.
Frankly, that's the only reason why I can see that people are against taxes that they will never pay (inheritance taxes for one, which only effects roughly 3% of the population). There is no reason that stock compensation shouldn't be taxed, there is no reason that corporate penalties should be tax deductible, there is no reason that any company should be able to pay wages below a living wage in the given area so that we the tax payer have to subsidize the rest. Everyone's hoping that somehow they will one day own a yacht, so they better not raise taxes on the uber wealthy a paltry amount because someday I might have to take home a measly $6 million instead of $6.5 million. The horror!
Because of that quest for profit, Intel was able to raise the capital that allowed them to grow the business in the first place.
Technologies get old and stale, and replaced by new technologies. This is called "progress." Personally, I think progress such as this is a good thing, although you may prefer the old technologies; that's your choice, although I don't really understand that. New companies, and jobs, appear to support the new technologies. This allows younger people who were not lucky enough to have been around when Intel started up to become employed in a growth situation.
I'm sure you are stuck in the idea that jobs should be for life and companies should mainly exist to provide employment. I won't try to dissuade you. But in your model of how things should be, there's not much reason to start the companies in the first place.
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Interesting that you blame the problems of the world on the failure of Intel's tick tock cycle.
Intel is just one company. Companies are born, grow, fade, and die. Technologies age and get replaced by other technologies. I'm not sure why you would want to stop that. Certainly, if you are active on this site, chances are you enjoy the benefits of the newer emerging technologies.
It is incredibly said and infuriating that most humans lost all decency towards one another. Humans are very selfish and greedy that it upsets me. Good to know SOME good people still exist.
If you've ever seen children interact, for the most part this simply isn't true. We are a cooperative species, it's learned cultural norms that cause us to act selfishly. You'll notice how after disasters we always pull together.
The good news in that, culture can change.
Dickens wrote A Christmas Carol way before the Reagan era. The problem you're talking about is not a spawn of the 1980's. We're just more aware of it because thanks to improved general conditions we have better education and better service availability.
And prior to that workers were so busy working 12 hour shifts with no holiday, no vacation time, no sick time, no restroom break, just to survive. And most families had their elementary school aged kids working the same 12 hours shifts.
The reason is that stocks are an investment in a very volatile thing. The idea of non-taxed income is what pushes many (not all of course) investors in betting in a company.
This is no fault of Intel -- it's the result of fumbles by the bigger fish just up the food chain; the folks in Redmond. Four tiresome years of tiles, with the hope that the world would somehow think Microsoft's tablet was useful. I find both releases downright confusing. Total wreck of an operating system. The latest atrocity was to limit Windows 7 to run only on older hardware. Of course Intel can't sell new Skylake chips if Microsoft's only useful OS is cripped to only run on Broadwell and older.
Let's hope that Apple's first Skylake laptop released yesterday (plus the other newcomers arriving in June) can let Intel recover a little from Ballmer's completely botched ideas.
Let's hope that Apple's first Skylake laptop released yesterday (plus the other newcomers arriving in June) can let Intel recover a little from Ballmer's completely botched ideas.
Anything compiled to do so. Wouldn't be any harder than the Power PC to Intel transition.
As someone who gets stock compensation: It is taxed. Stock Options may be different, as you need to be way up the chain to offered those. A share of the stock I get is removed to account for income tax. When I sell, I pay tax on the growth of the stock, like any other investor. How long I hold the stock determines if it is short-term (treated as income), or long-term (taxed at 15% like self-employment).
2 questions:
1- Is it legal to just let go of people just because you don't need them any more, although you are profitable? Whats the difference between this and firing someone?
2-I doubt PC market is getting smaller. The world is dependant on computers more than ever, sure people buy less desktops, but there are servers everywhere and in every office. Also, intel can take on ARM easy. Lets not forget who's running like 70% of the computers in the world.
1- Is it legal to just let go of people just because you don't need them any more, although you are profitable? Whats the difference between this and firing someone?
2-I doubt PC market is getting smaller. The world is dependant on computers more than ever, sure people buy less desktops, but there are servers everywhere and in every office. Also, intel can take on ARM easy. Lets not forget who's running like 70% of the computers in the world.
Not at the executive level, with deferred compensation. I'm not talking about low level employees who don't have the resources to exploit loopholes. I'm talking about CEOs getting tens of thousands of of shares that form a compensation loop. Ralph Nadar has discussed the exact mechanism at length, but it ends up shirking millions of dollars in taxes yearly.
Looks like the end of the PC era is going to take down a lot of major iconic companies. Intel has said they will start moving away from PC chips into server chips and other more profitable business, basically saying the x86 is about dead. It says MS is going to have to have to transform itself into an enterprise company like IBM did earlier.
Apple is not going to start making their own Mac chips because it wants to, but because it HAS to.
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Apple does not make that much of an impact on Intel's bottom line, but that Apple is transitioning away from intel chips certainly played a part I'm sure. The writing has been on the wall on the death of the x86 chip. Intel needs to abandon a sinking ship and enter better waters.
Apple is not going to start making their own Mac chips because it wants to, but because it HAS to.
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Apple does not make that much of an impact on Intel's bottom line, but that Apple is transitioning away from intel chips certainly played a part I'm sure. The writing has been on the wall on the death of the x86 chip. Intel needs to abandon a sinking ship and enter better waters.
You can bank on the concept of Intel is merely offering enough which each new product offering to ensure its accepted by their customers.
What you see is a sampling of what they have in their arsenal.
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Usually they do